FuelCell Energy’s $105.1 Million Follow-On Offering

Davis Polk advised the representatives of the several underwriters in the offering.

FuelCell Energy, Inc. completed its $105.1 million follow-on offering of 50,025,000 shares of common stock, which includes 6,525,000 shares from the full exercise of the underwriters’ option to purchase additional shares. The shares of common stock are listed on the Nasdaq Global Market under the symbol “FCEL.”

FuelCell Energy, Inc. is a global leader in developing environmentally responsible distributed baseload power solutions through its proprietary, molten-carbonate fuel cell technology.

The Davis Polk capital markets team advising J.P. Morgan Securities LLC, Barclays Capital Inc. and Canaccord Genuity LLC, as representatives of the underwritres, included partner Marcel Fausten (Picture) and associates Daniel Chao and Shay Moyal. The tax team included partner Po Sit and associate Bradford Sherman. Associate Christopher C. Woller provided intellectual property advice. Counsel David A. Zilberberg provided environmental advice.

Involved fees earner: Daniel Chao – Davis Polk & Wardwell; Marcel Fausten – Davis Polk & Wardwell; Shay Moyal – Davis Polk & Wardwell; Bradford Sherman – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; Christopher Woller – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Barclays Capital ; Canaccord Genuity; J.P. Morgan Securities LLC;

Author: Ambrogio Visconti